Bitcoin’s six-month put-call skew, which measures the cost of puts – or bearish bets – relative to calls (bullish bets), has turned positive for the first time since the crash in May, indicating heightened concerns of an extended downside move. Source link … [Read more...] about Bitcoin’s 6-Month ‘Put-Call Skew’ Flips Bearish for First Time Since May
Bitcoins
MicroStrategy Bought About 7K Bitcoins in Fiscal Fourth Quarter for $414M
MicroStrategy said it bought 7,002 bitcoin for about $414 million in cash during its fiscal fourth quarter.The company bought bitcoins during the quarter for an average price of about $59,000, it said in a statement.The largest crypto currency by market capitalization was around $57,326 on Monday. MicroStrategy now holds 121,044 bitcoins for an average purchase price of … [Read more...] about MicroStrategy Bought About 7K Bitcoins in Fiscal Fourth Quarter for $414M
El Salvador Buys 100 More Bitcoins as Crypto Market Falls
The government of El Salvador bought 100 more bitcoin, President Bukele tweeted on Friday, while the price of the largest crypto currency by market-cap fell near $54,000.“El Salvador just bought the dip. 100 extra coins acquired with a discount,” Bukele said.Bitcoin price fell about 8% on Friday around $54,237, as broader markets tumble on new COVID-19 variant fear. Bitcoin … [Read more...] about El Salvador Buys 100 More Bitcoins as Crypto Market Falls
Will Bitcoin’s Taproot upgrade cause a “DeFi rain”?
On Nov. 14, the highly anticipated Bitcoin upgrade Taproot was activated on block 709,632 with the aim of kindling a DeFi and dApp ecosystem around the decentralized currency, giving it a more Ethereum-like functionality.But while Taproot received almost universal support from the Bitcoin community—unlike the divisive 2017 SegWit upgrade—it has not resulted in any significant … [Read more...] about Will Bitcoin’s Taproot upgrade cause a “DeFi rain”?
Bitcoin’s latest slump is just a ‘natural breather,’ Genesis strategist says
Bitcoin’s latest sideways movement caused a stir in the crypto market, with traders pointing fingers to a variety of different factors as the main catalysts for the slump.However, digging a little deeper shows that most of the usual suspects had little chance of causing BTC’s drop to $55,000. Instead, analysts believe that the world’s largest cryptocurrency is just taking a … [Read more...] about Bitcoin’s latest slump is just a ‘natural breather,’ Genesis strategist says